Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-03-19
WASHINGTON.
The Fiftieth Anniversary OF President
CIeVelsnd's Birthday Passes Qni-
city at The White House.
The Indian Depreciation Claim of n Brown
County, Tex Citizen Not AIlOWedby
the Interior Department,
A CLAIM NOT ALLOWED.

Indian depreciation claims decided to-
day was the claim of VIM. II. Wooleyde
of Brown county, to the amount of $500.
in 1872 by C0maDche Indians The In
terror Department finds the evidence not
sufficient to establish ssid claim.
THE PRESIDENTS BIRTHDAY.
WASHINGTON, March I3.-To-day is the
fifrieth anniversary of President Cleve-
lands birthday, but there was no out
ward observance OF the event at the
White House beyond the presentation of
number Of floral tributes by personal
friends. Mrs. HOyt, the Presidents
sister, is a guest at the White House.
APPOINTED CHIEF CLERK.
WASHINGTON, March IS.-Joseph II.
Roy Of Wisconsin was to-day appointed
Chief Clerk of the POstotflCe Department,
vice Thomas +. Nash, resigned to &C
Cept appointment as General Superintend-
ent of Railway Mail Service.
SMALL NOTES.
/ WASHINGTON, March Is During the
past week $780,, 900 has been shipped to
the Assistant Treasurer at New York and
! $780, 900 to the Assistant Treasurer at
Chicago to meet whatever demand is
made for notes Of small denomination.
| MET WITH AN ACCIDENT.
! WASHINGTON, March Is Colonel Will
liam P. CanadY, Sergeant alarms OF the
Senate, met with what might have been a
serious il not fatal accident while riding
down Pennsylvania avenue on horseback
this afternoon. There was q high wind
and the concrete pavement was very
slippery, and between Eleventh and
Twelfth streets Mr.. Canady's horse
! slipped and fell partly upon him, spraln-
ing and bruising badly one of bis legs.
The injury, although painful, is not
serious and viii not contine him to his
room for more than three or four weeks.
SENATOR PLUMB ON STOCK GAMBLING.
WASHINGTON, March I8.-In Senator
Plumb's opinion, one of the most i'm
portant benefits derived from the inter
state commerce law will be its
effect in diminishing the volume
of gambling in stocks. This Will
follow, he thinks, from the carrying out
of those provisions which lay bare to the
commission and to the public all the Sc.
crets of the business, upon which much
of the trading in stock is based.
"This speculation" he says, sis the
standing menace to legitimate business in
our country. We have no more danger
Gus evil than stock gambling. l pro
posed an amendment to the bill which
would have gone still further in this
direction, but it failed. I think il
| had been earlier in getting 1t before
the Senate it would have been incOrpora-
ted. My proposition was to require that
no railroad company should have a stock
transfer office in any state other than
where it's property is located. For in
stance, the Santa Fe has no transfer office
in New York, and there is very little
speculative trading in its stocks.
SO with other roads which do not have
transfer offices in New York. OF course
trades can take place in these stocks, but
the delay in sending TO the offices in other
states to have these transfers made is 8
pretty effectual hipdranCe to big
gambling deals in such stocks.
"AnYtling which is a blow a. stock
speculation is q general benefit to the
country" continued Senator Plumb. of
we could dispense and scatter these
gamblers and get Wall street out of
the way it would be @ greater
blessing to the country than any
other one thing. We shall have a great
panic one of these days, not because the
business of the country isn't in a healthy
condition, for it is, and not because we
haven't money enough, for we have; but
we will have panic some day just be-
cause the speculstors will decree it,"
Speaking more specifically of the inter
state commerce law the Senator said:
"The time has come when we have
either got to control or be controlled by
the corporations, and this law is notice
to them that the government is greater
than they are, | am satisfied that when
the supervision contemplated by
the spirit of the new law is es-
tablished the results will be
good to all interests. believe the stock
holders IN railroads viii find their profits
more than made up for any loss that can
be imagined. The trouble with railroad
management has been that the men
in practical control have not been
the real owners. They have made
secret contracts and arrangements
to benefit their friends and
themselves, and, with little regard 10 the
! interests Of the holders Of the stock,
managers have made special rates to
those who enjoyed their friendship. They
have given valuable contracts to concerns
! IN which they themselves had stock. II
/ the law breaks up such conditions as
these, it will do 9 good work.
i IuGIt Is duOtHtT SOOu W De IcOhSU IOI
| from this law" the Senator went on. GA
railroad property end It's management
now occupies the relation to the
people along the line of absentee
| landlordism. There is bitterly
hostile feeling toward the roads by
those who have most use for them. Wall
street stands for the personifcation Of
this bad principle Of absentee landlord
ism in this country. If Wall street
gambling was abolished the stocks
would rest on their legitimate basis;
people along the railroads would
| buy this stock and hold it for investment,
and there would be mutuaIity of interest
between road and people in every respect
better than the present relationship.
look for great good to come from this
step toward regulation of railroads"